Latham & Watkins Advises RHÖN-KLINIKUM AG on Sale of 43 Hospitals for €3.07 Billion

Wednesday, September 18, 2013

M-Dax listed hospital operator RHÖN-KLINIKUM AG has announced the sale of 43 hospitals and affiliated companies to healthcare company Fresenius Helios as part of its corporate strategy to realign its portfolio. The purchase price (enterprise value) amounts to €3.07 billion. RHÖN-KLINIKUM AG wants to focus on facilities that offer advanced medical care in a comprehensive, research-driven university environment with a maximum care offering. The locations Bad Berka, Bad Neustadt a. d. Saale, Frankfurt (Oder) as well as the university hospitals Giessen and Marburg will form the foundation of the “new Rhön”. With revenues of approximately €1 billion and around 15,000 employees, the company will be the fourth largest hospital group in terms of revenues in Germany. An additional €40 million will be invested by Helios (€30 million) and RHÖN-KLINIKUM (€10 million) in the further development and creation of a mutual medical network of partner clinics over the next five years. Subject to the approval of the German Federal Cartel Office the partner clinics will cooperate closely in future on the basis of a network agreement and offer top-quality supplementary care services for patients.

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Tags:  Latham & Watkins LLP

Kirkland & Ellis Opens Beijing Office

Tuesday, September 17, 2013

Kirkland & Ellis LLP announced today that it is expanding in China and has opened an office in Beijing. The Beijing office is located in China World Office 2 in the heart of Beijing’s Central Business District. As a key component of the Firm’s Greater China practice, the office will focus on complex M&A and private equity transactions, international capital markets transactions, fund formation and government enforcement and investigations.

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Simpson Thacher Represents Underwriters on the HK$1.58 Billion (US$203 Million) Hong Kong Initial Public Offering and Rule 144A/Regulation S Offering by Tenwow International Holdings Limited

Tuesday, September 17, 2013

The Firm represented Deutsche Bank, HSBC and China International Capital Corporation as underwriters of the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Tenwow International Holdings Limited (Tenwow International). Tenwow International offered an aggregate of 500,000,000 ordinary shares, which raised approximately HK$1.58 billion (approximately US$203 million) in gross proceeds. Tenwow International is a leading food and beverage producer and one of the largest distributors of packaged food and beverages in China. The ordinary shares of Tenwow International are listed on the Hong Kong Stock Exchange. Deutsche Bank and HSBC acted as joint global coordinators and joint sponsors, and Deutsche Bank, HSBC and CICC acted as joint bookrunners and joint lead managers.

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Tags:  Simpson Thacher & Bartlett LLP | Hong Kong

Simpson Thacher Represents J.P. Morgan, Financial Advisor to Boise Inc., in Packaging Corp. of America’s Announced Acquisition of Boise for Approximately $2 Billion

Tuesday, September 17, 2013

Simpson Thacher is representing J.P. Morgan Securities LLC in its role as financial advisor to Boise Inc. (“Boise”) in connection with Packaging Corp. of America’s (“PCA”) announced acquisition of Boise Inc. for $12.55 per share in a deal valued at about $1.995 billion, including $714 million of Boise debt.

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Tags:  Simpson Thacher & Bartlett LLP | New York

Peter Karanjia, Former Deputy General Counsel of the Federal Communications Commission, Joins Davis Wright Tremaine LLP

Tuesday, September 17, 2013

Peter Karanjia is returning to Davis Wright Tremaine after serving for three years as Deputy General Counsel of the FCC, where he was responsible for overseeing all litigation involving the agency. Mr. Karanjia will join the firm’s Communications, Media, IP, & Technology Group in Washington, D.C., and will serve as Co-Chair of the Appellate Practice Group.

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Paul Hastings Represents Tenwow International in Its US$203 Million Hong Kong IPO

Tuesday, September 17, 2013

Paul Hastings, a leading global law firm, announced today that the firm represented Tenwow International Holdings Limited (“Tenwow International”) in its US$203 million global offering and IPO on the Main Board of the Hong Kong Stock Exchange. Deutsche Bank and HSBC were the joint global coordinators and joint sponsors of the offering, and China International Capital Corporation, Deutsche Bank and HSBC were the joint bookrunners and joint lead managers of the offering.

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Cravath – TriMas Corporation’s Common Stock Offering

Tuesday, September 17, 2013

Cravath represented the underwriters, led by Deutsche Bank Securities, J.P. Morgan Securities, BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities, in connection with the US$183 million registered offering of common stock of TriMas Corporation, a global manufacturer and distributor of products for industrial, commercial and consumer end markets. The shares were listed on the NASDAQ Global Select Market. The transaction closed on September 16, 2013.

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Tags:  Cravath, Swaine & Moore LLP | New York

Baker & Mckenzie Advises Beijing Enterprises Water Group on Its RMB955 Million Acquisition of Nine Water and Sewage Treatment Projects in the PRC

Tuesday, September 17, 2013

Baker & McKenzie is advising Beijing Enterprises Water Group Limited on its RMB 955 million acquisition of nine raw water, water treatment, water supply and sewage treatment projects, four of which are located in Jiangsu and Zhejiang provinces, one in Fujian province, and four projects in Shandong province in the PRC, from Salcon Berhad, a company listed on the main market of Bursa Malaysia Securities Berhad, and its joint venture company, Salcon Water (Asia) Limited.

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Tags:  Baker McKenzie | Hong Kong